AMENDMENT NO. 1 TO FISCAL AGENCY AGREEMENTFiscal Agency Agreement • April 28th, 2003 • Federative Republic of Brazil • Foreign governments • New York
AMENDMENT No. 1 (this “Amendment”), dated as of April 28, 2003, to the Fiscal Agency Agreement, dated as of November 1, 1996, between the Federative Republic of Brazil (the “Issuer”) and JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Fiscal Agent (the “Fiscal Agency Agreement”).
AMENDMENTS TO BE MADE TO BRAZIL’S FISCAL AGENCY AGREEMENTBrazil’s Fiscal Agency Agreement • April 28th, 2003 • Federative Republic of Brazil • Foreign governments
The Federative Republic of Brazil (“Brazil”) is amending the fiscal agency agreement dated as of November 1, 1996 between itself and JPMorgan Chase Bank to permit Brazil to issue debt securities that will contain provisions regarding acceleration and voting on amendments, modifications, changes and waivers that differ from those applicable to Brazil’s outstanding public external indebtedness. These provisions are commonly referred to as “collective action clauses”. The following description is a summary of the collective action clauses to be included in new series of debt securities that Brazil intends to issue in the future. Because it is only a summary, the description may not contain all of the information that is important to investors in Brazil’s debt securities. Therefore, Brazil urges you to read the form of amendment to the fiscal agency agreement that is included as part of this filing.
